国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Government caps price hikes to curb rising inflation

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-09-20 16:45


Consumers shop for pork at a market in Yunyang County, Southwest China's Chongqing Municipality, September 14, 2007. [newsphoto]

China's top economic planner has ordered a suspension in government orchestrated price hikes in the latest efforts to keep inflation in check.

"In principle, there will be no new price-raising measures by the government this year," the National Development and Reform Commission (NDRC) said in a notice, co-signed by five other agencies including Ministry of Commerce and Ministry of Finance, published on its website on Wednesday.

An approval from the NDRC is needed if any local government feels it has to increase prices on certain products "under special conditions", according to the notice.

The order applies only to prices under government control, such as gas, oil, water, electricity, and other prices of crucial goods and services that affects the livelihood of the public, including public fares.

Although the government has no control over most of the prices in China, this price control measure will help prevent a hike in firms' costs, thereby eliminating part of the pressure for further price increases.

Related Readings:  

* Consumer inflation jumps to 11-year high

* Interest rates raised to curb inflation

The NDRC also ordered a close monitoring of prices and a crackdown on price manipulation, collaboration of price increases and hoarding.

The notice came after the Consumer Price Index (CPI) jumped to an 11-year-high of 6.5 percent year-on-year in August, driven by an 18.2 percent rise in food prices.

The surge in food prices makes the lives of low-income earners more difficult as food accounts for a major part of their spending. In response, the central and local governments have increased subsidies for this group.

The measure came also in the run-up to the Mid-Autumn Festival, one of the most import festivals in China, and the week-long National Day holiday which falls on October 1-7.

In an effort to fight inflation, the central bank has raised the interest rates five times so far this year. However, it may take more time for inflation to ease as the food price increases were a result of an imbalance in supply and demand, analysts said.

Several governmental agencies conceded that the CPI growth in 2007 might exceed the official target of three percent.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
左贡县| 齐河县| 枞阳县| 荥阳市| 贵定县| 临桂县| 南京市| 河北省| 娱乐| 德令哈市| 囊谦县| 新宁县| 邵武市| 克拉玛依市| 吉安市| 莫力| 白玉县| 利辛县| 庄浪县| 卫辉市| 伊宁县| 信丰县| 延川县| 桐庐县| 马关县| 繁峙县| 仲巴县| 常州市| 大竹县| 常山县| 武宣县| 浦东新区| 龙州县| 历史| 监利县| 泸水县| 任丘市| 长丰县| 安化县| 犍为县| 昌平区|